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The Korea Herald > Business > Economy

President vows to remove all non-regular jobs in public sector

President Moon Jae-in on Friday reaffirmed his pledge to create hundreds of thousands of quality jobs in the public sector, vowing to turn all non-regular job openings in the public sector to regular...

Updated : 2017.05.12 14:49

China invites Korea to economic development forum

China has invited South Korea to join a forum on Beijing's regional economic development plan in what appears to be a move to mend the bilateral relationship following the inauguration of new Preside...

Updated : 2017.05.12 11:20

Govt. to set aside supplementary budget for job creation

The finance ministry said Friday that it will set aside a supplementary budget to help create jobs, a key campaign pledge of Presidential Moon Jae-in. "We will create jobs through aggressive macroec...

Updated : 2017.05.12 11:12

[Monitor] Korea’s tourism deficit hits 10-year high

South Korea’s tourism industry recorded a deficit of $3.74 billion as of the end of March, marking a nearly decadelong record high, due largely to drop in Chinese visitors following the ban of Korea...

Updated : 2017.05.11 16:01

Unemployment hits 17-year high

Despite the number of employed individuals increasing last month, South Korea’s unemployment rate hit a 17-year high in April, according to data compiled by Statistics Korea on Thursday. The jobles...

Updated : 2017.05.11 15:42

Korea's exports rise 4.5% in first 10 days of May

South Korea's exports increased 4.5 percent in the first 10 days of May from a year earlier on brisk overseas sales of petroleum products and semiconductors, latest customs data showed Thursday. Tot...

Updated : 2017.05.11 09:40

Hanwha chairman talks US relations with Heritage Foundation president

Hanwha Group Chairman Kim Seung-youn sat down with Edwin J. Feulner Jr., president of the Heritage Foundation, in Seoul on Tuesday to discuss the future of Korea-US relations, according to Hanwha off...

Updated : 2017.05.10 15:02

[Moon in Office] Corporate governance to improve: analysts

The election of Moon Jae-in as the new president of South Korea is likely to improve corporate governance, along with Moon’s promise to reform chaebol, analysts at global investment banks said Wedne...

Updated : 2017.05.10 14:58

[Moon in Office] Who will be finance minister to lead recovery?

As soon as President Moon Jae-in picked South Jeolla Province Gov. Lee Nak-yon to be prime minister, attention moved to who would become the concurrent deputy prime minister and finance minister to l...

Updated : 2017.05.10 14:37

Hyundai Asan hopes to resume inter-Korean tour program

Officials at Hyundai Asan, the operator of a halted inter-Korean tour program and developer of the closed Kaesong industrial park, announced its anticipation Wednesday for Korea’s new President Moon...

Updated : 2017.05.10 14:21

[Moon in Office] Moon needs best policy mix on economy

The Korea Herald publishes a series of articles delving into the economic policies and tasks expected of the new Moon Jae-in administration. This is the first installment -- Ed. On the economic fron...

Updated : 2017.05.10 13:04

[Monitor] Korean parents feel compelled to support children for longer

More South Koreans feel that as parents, they should financially support their children until they get a job, a survey by the Korea Institute of Child Care and Education showed Tuesday. Eight years ...

Updated : 2017.05.09 16:06

THAAD fallout most imminent economic task faced by new president: officials

Most Ministry of Strategy and Finance officials view the economic fallout from the hosting of the controversial US missile defense system here as the most imminent economic challenge for the new pres...

Updated : 2017.05.09 15:09

IMF keeps Korea's 2017 growth rate unchanged at 2.7%

The International Monetary Fund kept its forecast for South Korea's economic growth for this year on hold at 2.7 percent, despite signs of a recovery in the country's exports. The projection by the ...

Updated : 2017.05.09 13:13

Number of 'early state pension' recipients down

The number of South Korean recipients of "early state pension" decreased in 2016, data showed Monday, as more senior citizens opted for the regular benefit program to ensure they get a meaningful inc...

Updated : 2017.05.08 17:00